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Question
What is Variable cost?
Solution
Variable costs are those borne by a corporation that fluctuate with output levels. These costs climb with increased production and decline with decreased production.
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RELATED QUESTIONS
Give one example of Variable cost.
The cost which changes as per the levels of production is ______.
The cost which does not vary proportionately but do not remain constant with changes in the volume of output are known as ______ cost.
Telephone cost is an example of ______ cost.
______ cost is activity based. It increases with increase in output.
Costs like rent, insurance etc. which do not change inspite of changes in the volume of output are ______ costs.
What is semi-variable cost?
Give one example of semi-variable cost.
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